Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Sherri Springs Work in process inventory, April 1, has 3,020 (units' equal cases): Direct Materials 11,740 Direct labor 5,960 Manufacturing overhead (1,590 machine-hours at $6

image text in transcribed
image text in transcribed
image text in transcribed
Sherri Springs Work in process inventory, April 1, has 3,020 (units' equal cases): Direct Materials 11,740 Direct labor 5,960 Manufacturing overhead (1,590 machine-hours at $6 per machine-hours) 9,540 27,240 Units started in April 9,050 Costs incurred in April: Direct Materials Direct labor Manufacturing overhead applied (14,160 machine-hours) 36,530 54,840 84,960 The ending inventory consisted of 4,360 units. These units were: 100% complete as to materials, 70% complete as to conversion Complete a production report using the weighted average method. (Round your answers to two decimal places when needed and use rounded answers for all future calculations). Sherri Springs Whole Units UNITS Equivalent Units Direct Material Transferred In Conversion Costs 3020 9050 Units to account for: Beginning work-in-process Started in production Total units to account for Units accounted for: Completed and transferred out Ending work-in-process 12070 7710 n/a 7710 4360 n/a 4360 Total units accounted for 12070 n/a 12070 Sherri Springs Transferred Direct In Materials COSTS Conversion Costs Total Costs 11740 36530 48270 12070 Costs to account for: Beginning work-in-process Costs added during period Total costs to account for Divided by: Total EUP Cost per equivalent unit Costs accounted for: Completed and transferred out Ending work-in-process Total costs accounted for 400

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting And Financial System Reform In A Transition Economy A Case Study Of Russia

Authors: Robert W. McGee, Galina G. Preobragenskaya

4th Edition

0387238476, 9780387238470

More Books

Students also viewed these Accounting questions

Question

14. Describe SONET. How does it differ from SDH?

Answered: 1 week ago